risk noun \ˈrisk\
: the possibility that something bad or unpleasant (such as an injury or a loss) will happen
: someone or something that may cause something bad or unpleasant to happen
Synonyms for risk: endanger, imperil, jeopardize, hazard, gamble, gamble with, chance, put on the line, put in jeopardy. : a situation involving exposure to danger.
“An investment operation is one, which upon thorough analysis, promises safety of principal and an adequate return.
Operations not meeting these requirements are speculative.”
~Benjamin Graham, The Intelligent Investor
(Considered one of the best investment books of all time)
How much of your hard earned retirement funds are you willing to gamble in the Wall Street Casino? Listen to David interview Barry Dyke, the author of both The Pirates of Manhattan and The Pirates of Manhattan II, Highway To Serfdom.
Throughout the conversation Dyke presents and supports the idea that “The only people really benefiting from the Mutual Fund game are essentially the insiders and asset managers,” and, that we have a “tainted press that will not report this truth.” Because advertising supports more than 80% of the major media companies, in America, and news company market values are down, major Wall Street advertisers are the ones paying the large amounts of money to keep most major media outlets going.
The fact that the Federal Reserve, which has more economists and PhDs than anywhere else, has 75% of their 401k assets in interest income accounts (backed by life insurance companies) is very telling. The too big to fail banks who own these major Wall Street firms also do not speculate with their money. They do however invest billions and billions into guaranteed insurance products. These are the very people who want Wall Street investors to believe that corruption on Wall Street is the exception and not the rule. In Barry’s book, he proves that the facts say otherwise. Barry systematically documents how the “Asset Management Industrial Complex” have successfully dumped risk on us, the little guys, while they do not speculate with their money.
Because we live in a great country, we have the freedom to invest or not to invest however we choose. So, before we heavily invest in speculative products that offer no guarantees, we as educated investors deserve to be informed that this industry does not “eat their own cooking”.
By listening to Barry Dyke and taking David Lukas’s advice you can invest your money into guaranteed products that will insulate you and your loved ones from the harsh realities of the overly optimistic gambling nature of Wall Street.
David Lukas Financial can be reached at: 800-559-0933,
To learn more about Barry Dyke and The Pirates of Manhattan click here.
Also listen to David talk to Barry about his first book, The Pirates of Manhattan by clicking here